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June 29, 2024, 7:05 PM
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| Paul Kiernan / Wall Street Journal: |
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying — Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push| Janko Roettgers / The Verge: |
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022 — Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight.
More: Deadline, Fortune, Cord Cutters News, and Engadget
| Wired: |
Filings and DOJ officials describe how a gang threatened, assaulted, and tortured 11 victims in likely the worst crypto-focused serial extortion case in the US — More than a dozen men threatened, assaulted, tortured, or kidnapped 11 victims in likely the worst-ever crypto-focused serial extortion case of its kind in the US.
More: US Department of Justice, Metacurity, and The Daily Hodl
Mastodon: @agreenberg@infosec.exchange. X: @talbeerysec, @archerships, @sethforprivacy, @a_greenberg, @seppuku_you, and @jgrantindc
LinkedIn: Andy Greenberg and Kyle Armstrong
Forums: Hacker News, r/Buttcoin, r/CryptoCurrency, r/Bitcoin, and r/Bitcoin
| Dallin Grimm / Tom's Hardware: |
Hugging Face unveils Open LLM Leaderboard v2 that tests models across six benchmarks; Chinese models dominate the top 10 with Alibaba's Qwen taking the top spot — Optimizing LLMs to be good at specific tests backfires on Meta, Stability. — Hugging Face has released its second LLM leaderboard …
More: Hugging Face, Hugging Face, WinBuzzer, VentureBeat, MarkTechPost, MarkTechPost, The Information, and Analytics India Magazine
Forums: Hacker News and Slashdot
| The Information: |
Source: Amazon plans to use a controversial trade rule used by Temu and Shein, which exempts packages worth $800 or less from tariffs, for its discount section — Amazon is planning to use the same controversial trade rule as Temu and Shein to import items sold on its upcoming discount …
More: European Commission, Agence France-Presse, Reuters, Euractiv, Bloomberg, The Atlantic, Malwarebytes, and Disconnect. X: @theo_wayt
| Nikhilesh De / CoinDesk: |
A US judge rules that SEC charges against Binance, Binance.US, and CZ for violating federal securities laws can proceed, but dismisses secondary sales charges — A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.| Emanuel Maiberg / 404 Media: |
A look at the disastrous launch of Stable Diffusion 3, which struggles to generate correct human anatomy, and concerns over the tool's new and different license — Stability AI botched the launch of its latest model, proving the Stable Diffusion community doesn't need the company that brought it to the world.| Christopher Mims / Wall Street Journal: |
How some doctors are using the Apple Watch to diagnose and help their patients manage medical conditions, despite the availability of FDA-approved devices — Some doctors are telling patients to get the watch to manage their conditions. Researchers study how it could be used for heart disease … | Jake Bleiberg / Bloomberg: |
Source: Microsoft told over a dozen Texas agencies and public universities that their emails were exposed in the Russian hack of Microsoft, disclosed in January — - Company initially disclosed the cyberattack in January — Some agencies say exposed emails related to routine matters
More: SecurityWeek, Reuters, Engadget, PCMag, PaymentSecurity.io, Silicon Republic, Times of India, iTech Post, Neowin, and SC Media
Forums: r/texas and r/cybersecurity
| The Verge: |
A look at the possible impact of SCOTUS overturning Chevron deference and curbing federal agencies' power on net neutrality, Big Tech regulation, and more — Since the New Deal era, the bulk of the functioning US government is the administrative state — think the acronym soup of agencies like the EPA, FCC, FTC, FDA, and so on.
More: Ars Technica, Talking Points Memo, The Block, Public Knowledge, The Crypto Times, Politico, Solondais, New Civil Liberties Alliance, CoinGape, DL News, CoinDesk, Semafor, FierceHealthcare, New York Times, NPR, Electrek, Financial Times, STAT, Amy Howe, Axios, NBC News, Mother Jones, and New York Post
Threads: @danhon, @reckless1280, @chenx064, @aliteralpsyduck, and @reckless1280. Mastodon: @cdarwin@c.im
X: @austen, @jlgolson, @intangiblecoins, @katie_haun, and @evacide
LinkedIn: Christopher Perkins, Michael Elkins, and Dan Spuller
Forums: r/politics, r/technology, r/uscg, r/OpenArgs, r/politics, and r/neoliberal
| Chandra Asmara / Bloomberg: |
Indonesia's government declines to pay the $8M demanded by LockBit 3.0 for the ransomware attack that affected hundreds of ministries and public institutions — - The recovery will only be completed in mid-August: minister — Indonesia's parliament called the government to task … | Steven Levy / Wired: |
An interview with Illia Polosukhin, a co-author of Google's Attention Is All You Need paper, on open-source AI, his Web3 company Near, “user-owned AI”, and more — Illia Polosukhin doesn't want big companies to determine the future of artificial intelligence.Sponsor Posts
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Channels with Peter Kafka:
"Hollywood is Truly Freaked Out." Inside the Netflix/WBD Deal with Lucas Shaw
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
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Hard Fork:
OpenAI Calls a 'Code Red' + Which Model Should I Use? + The Hard Fork Review of Slop
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Anthropic's quest to study the negative effects of AI is under pressure
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Lenny's Podcast:
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